The age old adage “reach for the stars” has for many always been just that, a popular idiom. Now South Africans are being given the chance to not only do that, but to literally get a chance to own the SUN!
Through platforms such as Uprise Africa, The Sun Exchange, a growing brand in Africa, renowned across the world as a technology and renewable energy leader, now anyone can earn an income from the sun by buying and leasing solar cells to businesses and schools across South Africa, and soon, in countries throughout Sub-Saharan Africa.
Many of us are still quite ignorant of the ramifications the electricity we use has on our environment.
There are fundamental problems created by the traditional methods of generating fuel, such as burning fossil fuels. Fossil fuel fumes creates air pollution, which has a massive ripple effect on the earth’s atmosphere and in turn leads to environmental phenomena we simply know as climate change.
Traditional electricity generation also has other, more far-reaching consequences, on the global community such as the high cost implications that lead most remote parts of the world, Africa in particular, to still have no access to electricity.
The Sun Exchange is the world’s first buy-to-lease marketplace for solar cells. The innovative financial tools developed are enabling the global community to come together to drive sustainable energy development and make the environmental, social and economic benefits of solar power accessible and affordable for all.
Since launching in 2015, they have built a community of over 8,000 Sun Exchange members across more than 140 countries who are already bringing solar power to 13 South African schools, businesses and organisations, offsetting 1,500 tonnes of carbon (CO2) emissions a year and rising.
Sun Exchange has received extensive awards and recognition for its innovative approach to solar finance, including recently being named by Fast Company as one of the Top 10 Most Innovative Companies in Africa. The multi-award winning company recently sold its millionth watt of solar power and was listed by Fast Company as one of the top 10 most innovative companies in Africa.
In its current fundraising initiative, Sun Exchange is seeking to raise up to $3 million (approx. R45 million) to grow its business. Of the $3 million being raised, the Company would like to raise R7 million (approx. US $460,000) from its global community of supporters via an equity crowd funding campaign with Uprise.Africa. This R7 million will equate to approximately 5.2% (fully-diluted) of the post-money equity of Sun Exchange, if the Company’s total fundraise reaches the $3 million goal. This would value the Company at approximately $10.7 million (R141 million), which is what is referred to as the fully-diluted post-money valuation — what the business is valued at after the funds have been raised (i.e., $460,000 for approximately 5.2% equity).
Already, more than one million ZAR has been raised via Uprise Africa’s equity crowd funding platform. This is over just a couple of days, which clearly indicates that the intended target will surely be reached and even surpassed in no time at all.
The Sun Exchange’s mission is simple — to connect the world to the sun. Hence, soon It will not just be a cliche’ you can literally “own a piece of the sun”.
To find out more on how to get involved visit https://uprise.africa/view_pitch/sunexchange and invest today.
An experienced Journalist cum Digital Marketer who has worked in Media and Marketing in various Southern African countries for close to 15 years. An avid reader, she is passionate about fostering a reading and academic culture especially in young Africans. She enjoys travelling, meeting people from a broad cultural spectrum as well as engaging people in topics that are informative, entertaining and insightful. Grace is currently an Accounts Manager and Content Writer for CreativeMagic Group.